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. >> thank you. same to you. ashley: the fiscal cliff is the big story. that is not the only thing that could mean major changes for you and your wallet next year. changes for healthcare. that is coming up next. shibani: we are also waiting for the president's remarks live from the white house. we will bring them to you live. ♪ droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolng with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. the 952013 kicks off, affordable care act will be front and center. we know there will be an eventful year. what are some of the biggest things we need to keep an eye on >> the biggest thing is the affordable care act. the obama administration sees this as the key here for getting it implemented. there is a problem with that, though. most of the governors do not want to participate. ashley: if they do not participate, does that mean the federal government comes in a
. >> thank you. same to you. ashley: the fiscal cliff is the big story. that is not the only thing that could mean major changes for you and your wallet next year. changes for healthcare. that is coming up next. shibani: we are also waiting for the president's remarks live from the white house. we will bring them to you live. ♪ droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolng with beats audio. wireless...
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and cse noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that s perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-call wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possi
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and cse noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house...
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thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes and spending. as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on this issue today? >> well, i'm not trying to give anyone a good mark, the president by and certainly not congress. i hope my colleague in the spirit of the new year would recognize that the entire political establishment has let us down. we are going to get at best that deal on taxes, not going to get anything to reform entitlements or spending. in my question to you, do you think republicans in the house should vote for this deal? gerri: wait a minute. before you go to that i want to mention, we should acknowledge your that there is still a possibility t
thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes and spending. as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on...
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dagen: thank you so much. we are heading into the final hours before the fiscal cliff arrives. let's send it down to peter barnes. where is mitch mcconnell and harry reid, what is he up to? >> mitch mcconnell is chatting with vice president biden. he has been tasked over here to try to find some sort offdeal, some sort of agreement to avoid the fiscal cliff. they have a lot of history together. twenty-three years in the senate together. they have a good working relationship. people call biden the mcconnell whisper around here. they are able to at least talk and get things done. they have been key players in the last negotiation. i have to tell you, dagen, the white house and the vice president office are not telling anything about the talks. harry reid seems to be on the sidelines right now. dagen: the idea of mitch mcconnell in the vice president whispering to one another in each other's ears, just, well, leaves me with no words. [ laughter ] i think i should end it there before i embarrass myself. >> that is okay. the horse whisperer, the mcconnell whisper -- dagen: the dog w
dagen: thank you so much. we are heading into the final hours before the fiscal cliff arrives. let's send it down to peter barnes. where is mitch mcconnell and harry reid, what is he up to? >> mitch mcconnell is chatting with vice president biden. he has been tasked over here to try to find some sort offdeal, some sort of agreement to avoid the fiscal cliff. they have a lot of history together. twenty-three years in the senate together. they have a good working relationship. people call...
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thank you. >> thank you. stuart: you certainly have fiscal cliff fatigue, got it. so next, my take on foreigners. >> you know, if you're a businessman, how do you decide what you are going to do with your business this year because you don't know how much you are going to be paying taxes. if you are a consumer, how do you decide what you are going to be spending your money on in the up coming year? the level of uncertainty i think is unprecedented. stuart: well said, kelly jane, she was in our last hour, what you can expect in the new year if congress doesn't reach some kind of fiscal deal by midnight. we just reported that even the irs is waiting to hear what to tell employers to withhold from our paychecks. we still don't know, what is it, about 14 hours, 13 hours left to go. that's it. all right, everybody, time for a market check. where are we right now? dead flat still with a hint of what might happen on the fiscal cliff negotiations. this is sound bite trading in the extreme. we need to check the price of apple stock and amazon as well. record number of table
thank you. >> thank you. stuart: you certainly have fiscal cliff fatigue, got it. so next, my take on foreigners. >> you know, if you're a businessman, how do you decide what you are going to do with your business this year because you don't know how much you are going to be paying taxes. if you are a consumer, how do you decide what you are going to be spending your money on in the up coming year? the level of uncertainty i think is unprecedented. stuart: well said, kelly jane, she...
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thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothi is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a verydifficult situation for speaker boehner and the house republicans to be in. i feel very soy for them. they
thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class....
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well, time is running out to make some kind of deal to avoid the fiscal cliff. it now looks like no votes today. coming up next, former chairman of the white house economic advisers, ed lazear, and why tax hikes are not the answer. liz: the stakes are high. wilbur ross says we could fall into another recession if a deal can't be reached, but guess what? he's investing nevertheless. he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this hour on the phone. you don't want to miss it. ♪ david: let's get down to basics here. is there any notion of reality still working inside the beltway at all? yesterday the president said the following in terms of what he is doing cutting spending. take a listen. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in the a serious way, in a balanced approach of spending cuts and tax increases over on the wealthy while keeping middle taxes low. david:
well, time is running out to make some kind of deal to avoid the fiscal cliff. it now looks like no votes today. coming up next, former chairman of the white house economic advisers, ed lazear, and why tax hikes are not the answer. liz: the stakes are high. wilbur ross says we could fall into another recession if a deal can't be reached, but guess what? he's investing nevertheless. he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this...
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gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha geiwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead night, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back the capital one cash rewards card gis you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who ke more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fi
gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha geiwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead night, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all...
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when you look over the fiscal cliff don't look down because it is a far drop because at the end of the day it is all about money ♪ . adam: all right. lawmakers in the house just finished a meeting about what else, the fiscal cliff. peter barnes is at the white house with the latest. peter, do you know, was this a meeting of the house or was this a meeting of lawmakers from the senate? >> there have been meetings of both going on, adam, on the republican side. most importantly the senate republicans have been meeting and the house republicans have been meeting and we have just learned that the house republicans do not plan any vote tonight. they are going to go back into session now tomorrow, new year's day at noon, to await something from the senate. and so far over on the senate there is no vote scheduled tonight for this framework deal between the president and mitch mcconnell. adam: okay i'm going to quote that old tv show, danger, will robinson, danger, will robinson. >> "lost in space". adam: "lost in space which a lot of people think our political class is. simmons uttered a qu
when you look over the fiscal cliff don't look down because it is a far drop because at the end of the day it is all about money ♪ . adam: all right. lawmakers in the house just finished a meeting about what else, the fiscal cliff. peter barnes is at the white house with the latest. peter, do you know, was this a meeting of the house or was this a meeting of lawmakers from the senate? >> there have been meetings of both going on, adam, on the republican side. most importantly the senate...
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coming down to the wire as we approach the fiscal cliff. still without a solid deal in place, but both the president and mitch mcconnell, the senator on the republican side, say we're close. up next, allison deans shows you what to invest in whether we have a deal or whether we fall over that edge. ♪ liz: talk about a cliffhanger, with just minutes left in the trading day, the nation's toes clinging like this, like kilroy, right? over the edge of the fiscal cliff. no deal written in stones, but the markets still believe -- 139 points for the dow jones industrials -- that there may be some type of deal. join us now, allison deans, the senior adviser at varick asset management. we brought you in because you're so good at this kind of stuff, and we thought what we should invest in there is no deal or if there is a deal. what's your mind telling you? >> i think there will be a deal. i think if it doesn't happen tonight, they'll exing tend -- extend some of the benefits, and my sense is it'll be a compromise for both parties. it's just a shame
coming down to the wire as we approach the fiscal cliff. still without a solid deal in place, but both the president and mitch mcconnell, the senator on the republican side, say we're close. up next, allison deans shows you what to invest in whether we have a deal or whether we fall over that edge. ♪ liz: talk about a cliffhanger, with just minutes left in the trading day, the nation's toes clinging like this, like kilroy, right? over the edge of the fiscal cliff. no deal written in stones,...